The International Finance Corporation (IFC) has set aside $100m (Shs360b) to buy out Non Performing Loans (NPLs) from African banks. The move, according to IFC
Category: Business
Use our riders at your own risk – SafeBoda
A drastic announcement by tech-savvy motorcycle transport application-oriented company, SafeBoda, has generated widespread uproar on social media. On Tuesday, SafeBoda management updated its operating Terms
Government spent less than planned in December – report
The Ministry of Finance has said government spent less than planned, registering a surplus of Shs382.71b against a planned deficit of Shs21.22b during December. The
Interest rates drop by 0.45 per cent
Interest rates for the period ended November 2020 dropped, signalling stability in the lending market over the period. According to the Ministry of Finance, both
MTN exits Jumia
Telecommunications giant, MTN has divested its 18.9 per cent stake in online retailer, Jumia Technologies at $138m (Shs515.4b). In its quarterly performance update, MTN Group
Why I’m officially unsubscribing from MTN Mobile Money, Mokash
I am one of the people who have been enjoying MTN Mobile Money (MM) services ever since I subscribed, about a decade ago. I would
Interest rates rise despite low Central Bank rate
Commercial Bank interest rates have risen to 20 per cent in quarter ended August from 18.9 per cent in May. The increase, according to Bank
Airtel Uganda has new Managing Director
Airtel Uganda has appointment Manoj Murali as its new Managing Director. Manoj takes up the mantle from V.G. Somasekhar who is moving to India, where
A-Plus, A-Class in legal battle over trademark
A-Plus Funeral Services has filed a case in which it is seeking to protect its trademark against infringement. In a case filed before the Commercial
Telecoms see drop in voice calls
During the period between April and June, telecoms registered a decrease in voice calls, the Uganda Communications Commission Market Performance Report, indicates. The report indicates